News Release

HOUSTON--(BUSINESS WIRE)--Apr. 2, 2013--
Vanguard Natural Resources, LLC (NYSE: VNR) (“Vanguard” or “the
Company”) today announced that on April 1, 2013 it consummated the
previously announced acquisition of natural gas, oil and natural gas
liquids assets in the Permian Basin located in southeast New Mexico and
West Texas from two subsidiaries of Range Resources Corporation for an
adjusted purchase price of $268.8 million, subject to customary final
post-closing adjustments. The effective date of the acquisition is
January 1, 2013.

The Company expects the following significant benefits from the
acquisition:

Immediately accretive to distributable cash flow;

Company estimated proved reserves of approximately 137 Bcfe (78%
proved developed with approximately 43% being natural gas, 25% oil and
32% NGLs);

Reserve to production ratio of approximately 20 years;

Current net production of approximately 17 MMcfe/d (41% natural gas)
from 230 gross wells; and

Significantly hedged the expected natural gas and oil production for
the next four years

The Company funded this acquisition with borrowings under its existing
reserve-based credit facility.

About Vanguard Natural Resources, LLC

Vanguard Natural Resources, LLC is a publicly traded limited liability
company focused on the acquisition, production and development of oil
and natural gas properties. The Company's assets consist primarily of
producing and non-producing oil and natural gas reserves located in the
Permian Basin in West Texas and New Mexico, the Big Horn Basin in
Wyoming and Montana, the Arkoma Basin in Arkansas and Oklahoma, the
Piceance Basin in Colorado, the Powder River and Wind River Basin in
Wyoming, the Williston Basin in North Dakota and Montana, Mississippi
and South Texas. More information on Vanguard can be found at www.vnrllc.com.

Forward-Looking Statements

We make statements in this news release that are considered
forward-looking statements within the meaning of the Securities Exchange
Act of 1934. These forward-looking statements are largely based on our
expectations, which reflect estimates and assumptions made by our
management. These estimates and assumptions reflect our best judgment
based on currently known market conditions and other factors. Although
we believe such estimates and assumptions to be reasonable, they are
inherently uncertain and involve a number of risks and uncertainties
that are beyond our control. In addition, management's assumptions about
future events may prove to be inaccurate. Management cautions all
readers that the forward-looking statements contained in this news
release are not guarantees of future performance, and we cannot assure
you that such statements will be realized or the forward-looking events
and circumstances will occur. Actual results may differ materially from
those anticipated or implied in the forward-looking statements due to
factors listed in the "Risk Factors" section in our SEC filings and
elsewhere in those filings. All forward-looking statements speak only as
of the date of this news release. We do not intend to publicly update or
revise any forward-looking statements as a result of new information,
future events or otherwise.